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Contract Surety

La Fianza en la Construcción

Por medio de la fianza, contratistas pueden acceder al mercado de obras públicas y proyectos más grandes, así mejorando sus ofertas y rentabilidad. Un artículo por el  licenciado Israel O. Alicea, se trata del mismo “Todo sobre las fianzas en proyectos… Continue Reading →

Performance Bond Claim, the Bonding Company Steps In

Construction is an inherently risky business. Even the best general contractor can experience difficulties. For that reason surety bonds are required on large and public projects. A performance bond generally guarantees that a general contractor (the “principal”) will complete a… Continue Reading →

Financial Statements for Contract Surety Bonding

A financial statement is the most important data source for the surety bond underwriter. Although there are a myriad of factors that influence the contract surety bonding underwriter’s judgment of a contractor’s qualifications (financial and otherwise), the financial statement is… Continue Reading →

Pay-if-Paid Clauses’ Effect on Surety Bonds in Florida

Surety bonds in Florida are subject to claims even if the claimant has agreed to a valid pay-if-paid clause in its contract with the principal. Sureties should still require principals to include pay-if-paid clauses in their contracts, despite the protection… Continue Reading →

Performance Bond Fees Reduced for SBA Surety Bond Guarantee Program

On September 4th, 2018, the Small Business Administration announced its decision to decrease the fees associated with the SBA Surety Bond Guarantee Program (SBG). The fee amendment is the first adjustment in over twelve years. The SBA hope that the… Continue Reading →

Performance Bonds, Some Secrets to Qualifying for Surety Bonds

A frustrating part of being a contract surety bond underwriter is finding oneself obligated to decline a performance bond to a contractor that appears to possess the prerequisite experience, expertise, character and financial strength to accomplish his or her project. The review… Continue Reading →

Contract Surety Bond Approvals ~ How to Get Your Performance Bond Approved

Contract surety bond approvals should be easier. One of the most frustrating parts of being a contract surety bond underwriter is having to decline bonding capacity to a contractor that you feel possesses the prerequisite experience, expertise, character and financial… Continue Reading →

Proposed Changes in Federal Performance Bond and Payment Bond Forms

On October 19th, 2015, the Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA) jointly proposed a Rule which will change the standard federal performance bond and payment bond forms prescribed by the Federal… Continue Reading →

Working Capital and Contract Surety Bonding

Of all of the financial components that a contract surety bond underwriter considers when reviewing a performance bond  request, working capital is the the first. Healthy working capital is indicative of a contractor’s ability to service his or her short… Continue Reading →

Changes in State Construction Laws Impact Contractors & Performance Bonds

State Construction Laws






Performance Bonds, an SIO Primer

Contract Surety Bonding






Performance Bonds Under the Miller Act

This law has been on the books for a LOOOOOONG time and its not news to contractors, CPAs and attorneys who deal with contract surety bonding on a day to day basis.  We came across this very good piece wanted… Continue Reading →

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